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(Bloomberg) -- A landmark 40-year-old law that’s been key to the growth of renewable energy in the U.S. is being effectively overhauled, threatening to curb demand for solar projects.Federal regulators on Thursday imposed new limits on which energy projects fall under the Public Utility Regulatory Policies Act, known as Purpa, which helped spur an entire generation of solar and wind farms across the country. More than 30% of solar facilities online today benefit from the law, according to BloombergNEF. The changes may alter those projects’ future prospects and eliminate a key incentive for future ones.First Solar Inc., the largest U.S. solar panel manufacturer whose thin-film technology supplies solar farms that benefit from Purpa contracts, sank 3.2%. Sunpower Corp. tumbled 7.7%, the most in a month.The overhaul highlights how far renewables have come since 1978, when the law was enacted to boost competition within the power sector and encourage new technologies. Wind...
Major chipmakers Intel Corporation (NASDAQ: INTC) and Texas Instruments Incorporated (NASDAQ: TXN), are scheduled to report earnings next week.Texas Instruments and Intel are scheduled to report after the close Tuesday and Thursday, respectively. The Intel Analyst: Rosenblatt Securities analyst Hans Mosesmann reiterated a Sell rating on Intel with a $45 price target and maintained a Buy rating on Texas Instruments with a $135 price target. The Intel Takeaways: Intel is expected to report second-quarter sales slightly above the consensus estimate, which would represent a mid-single-digit sequential decline, Mosesmann said in a Wednesday note.The broader trends are likely to be better than feared, the analyst said.He expects quarter-over-quarter declines in the Client Computing Group, or CCG, and the Data Center Group.The CCG, Mosesmann said, is hit by lower demand for IoT and Mobileye, offset by strong demand from cloud and communication infrastructure customers.Mosesmann braces for EPS coming in slightly ahead of the...
Gold production guidance for 2020 has increased to a range of 155,000 – 180,000 ounces from 120,000 – 150,000 ounces, while Copper production remains on track to achieve guidance of 140,000 to 170,000 tonnes. C1 cost guidance range is being lowered to $1.60 - $2.00 from $1.80 - $2.20 per pound of copper due to the positive impact from the increased 2020 gold production forecast....
ETF Trends CEO Tom Lydon says information technology ETFs are good picks as investors flock to ETFs most haven't heard of....
ETF Trends CEO Tom Lydon joins Yahoo Finance's Kristin Myers to discuss the ETFs he is watching amid the coronavirus pandemic....
There were plenty of noteworthy moves in the market today, even if the stocks weren't reporting earnings. With that in mind, let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Canopy Growth (CGC) Click to EnlargeSource: Chart courtesy of StockCharts.comCanopy Growth (NYSE:CGC) continues to look better and better on the daily chart, even shares faded from the session highs on Thursday.The $18.25 area has been significant for several months, mostly acting as resistance. However, CGC stock is now trying to clear this mark, as well as the 200-day moving average.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAgain, Thursday's fading price action is disappointing. But if Canopy can regain this area, it could open up more upside. Over the 50-week moving average near $19.50 and Canopy could fill the gap up toward $20. Above that puts $22.09 in play, the high from...
